Capital Power Co. (OTCMKTS:CPXWF) Sees Large Increase in Short Interest

Capital Power Co. (OTCMKTS:CPXWF) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 2,431,500 shares, agrowthof39.0% from the July 15th total of 1,749,300 shares. Based on an average trading volume of 69,600 shares, the days-to-cover ratio is presently 34.9 days. Based on an average trading volume of 69,600 shares, the days-to-cover ratio is presently 34.9 days.

Capital Power Stock Performance

Shares of OTCMKTS CPXWF opened at $43.01 on Thursday. The business has a fifty day simple moving average of $42.41 and a 200 day simple moving average of $38.27. Capital Power has a one year low of $30.30 and a one year high of $48.05.

Analyst Ratings Changes

CPXWF has been the subject of several research reports. TD Securities reissued a “buy” rating on shares of Capital Power in a research report on Wednesday, April 23rd. Jefferies Financial Group lowered Capital Power to a “hold” rating in a research note on Thursday, June 12th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.